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What is a General Rate Increase (GRI) in shipping and what is its implications..??

General Rate Increase (GRI) – a term liked by the shipping lines and loathed by the trading community.. This article explains what GRI means to people on either side of the fence and how it affects the trade..

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How do I verify goods were actually shipped..??

Verify goods were actually shipped.. Question from a reader (Eliash)  What happens if the nominated bank sends forged papers based on which the issuing bank releases payment to the nominated bank ? I mean, if there was no actual shipment takes place (only fake papers sent to the Issuing Bank) or if the goods shipped…

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